The Confessions of a Real Estate Mogul
Take a look at all the super wealthy who made their fortune in real estate and you’ll see it was Commercial Property that made them rich.
Now I know that sounds strange coming from a guy who teaches residential real estate and is world renowned as the expert in it. So let me defend myself.
First, a lot of people get rich with single family houses. I’m one of them and I’ve taught perhaps thousands who have done so. But there’s rich and there’s super wealthy which to me means a net worth of over $100,000,000. You’d be hard pressed to find a super wealthy house buyer.
FYI, I saw the Donald on a talk show recently and his quote was...
"I'm buying like a bat out of hell!"
Second, I buy commercial property and teach others how to do it as well but since that’s not what I’m famous for you don’t see me as the Donald Trump of real estate who made his fortune in commercial.
The Donald can spot opportunity when he sees it and frankly any idiot could see it in the commercial slaughterhouse going on in America for the last six years. I should know, I’m dead center of it and have… Personally lost over $150,000,000 in value in my commercial projects!
No I didn’t say I lost a hundred and fifty million real dollars. I never had it to lose but I can honestly say I lost that and more in future after developed equity and cash on projects that will never get built because of the current market.
I have lost millions in actual cash and will be several more years cleaning up the blood from twenty one commercial projects I purchased from 2004 – 2006, including over fifty million dollars in personally guaranteed debt and millions in private equity capital.
I didn’t create the recession and my timing really sucked and the fallout from my commercial projects will be with me for the rest of my life.
So why am I telling you this at the risk of scaring you away and at my own personal exposure?
Well, there's actually several reasons, all of which will have value to you.
1. I took a big hit but I didn’t strike out. It’ll pass and I’ll survive and come out the other side much stronger and wiser than when I went in. The most successful people you know suffered bigger defeats and overcame them.
Using Donald again… from 1.5 billion in the hole to a multi billionaire. They can’t take what we know and once you learn how to make big money it sticks for life and you just keep getting smarter and smarter. More on that in a minute.
2. It’s truly an unusual time for us all to take advantage of the biggest real estate value reduction in your life. It’s a great sell off right now at prices even I can’t believe.
Commercial real estate is taking such a blood bath frankly almost anyone who’s armed with the basic information to buy and manage or flip properties can make a lot of money… seven figure money.
I see smart people creating huge windfall profits from the bottom feeding in progress.
Here’s a few examples I’m personally familiar with or involved in…
A retail project I had in Texas appraised for $12,500,000 in 2005 and the banks who foreclosed sold it for $500,000 and it took them 3 years.
A warehouse project we purchased in ‘05 appraised for $11,000,000 still hasn’t sold for $2,000,000 and its in much better shape than when we bought it.
I just made an offer on an apartment complex at $10,300 per unit that appraised for $44,000 a unit five years ago.
A restaurant building, fully equipped, in prime area in Jacksonville cost $5,000,000 to build about four years ago is down to an asking price of 1.9 million and sat unoccupied for two and a half years…so far.
Lots we sold in Myrtle Beach in ‘05 and ’06 with numerous appraisals over $400,000 sold at a a bankruptcy sale for 41K each. A house on one costing 1.6 million to build sold for 275k.
Fully developed housing projects ready to build houses all over the country were sold by banks for twenty five percent of what it cost to develop, including two of mine.
Over 40% of the retail centers in some cities are bank owned and will sell for a fraction of 2005 value.
Office buildings are easy to find for half the cost to build or less.
Geez Ron, you're depressing me - Enough already!
Ok, I’ll admit it is depressing, especially if you’re on the receiving end like I am.
But if you’re on the outside looking in at the opportunity and know how to buy or control these assets without risk to you the movie is much more fun to watch.
You now become the predator, not the prey.
» First of all before you can lose a fortune you have to first make one. I've done so.
» Secondly, who better qualified to teach you what not to do. I doubt you know anyone and if you do they won't bare their soul and share the good, bad, and ugly.
Here's Some Things I'll Cover
I’ll go through several of my projects and show you the cool strategies I used to buy them and why I did so. You’ll see how I crunched the numbers, made the decision to buy, planned the exit, how I raised the money, how I built a dream team for each not living in the same city, and…
The Mistakes I Made So You Don't Have To
A lot of time will be spent on raising the capital and how to structure the deals with as little cash as possible and several ways to make money without buying any property. You’ll see several profit centers in each deal and several places to exit so you can get out quick or stay in for the big money.
You’ll learn my own patented technique I use to become a land developer without buying the land.
In fact, you get paid $10,000 per month per project while other people do the work and you get half the profits with no investment or risk.
You’ll make the land owner rich by doing what he/she can’t and won’t do and use the land to get the capital to pay you and get the work done to raise the value. Every word I just said is true and I’ll supply you with the agreement to make it happen and the training to pull it off… on several projects simultaneously.
We’ll discuss how to structure the entity to buy and lessons I learned when taking on partners that’ll serve you in any endeavor. I’ll teach you how to insure partner performance and stay out of court when they don’t by using simple strategies that cost me at least $250,000 in legal fees to learn.
My hard learned lessons, from 30 years experience and willingness to share will save you a fortune and make you one if you listen.
Meet My World Class Faculty
I’ve invited three friends to bring their expertise to you and they are top in their field, all of which should interest you.
This event is designed to train you on things you’ll never learn from anyone else alive but its also morphed into a Deal-a-thon.
Before it starts I’ll have a call to help you locate some good prospects to bring to class and I’ll bring skilled staff to go through them with you. We’ve created a lot of good deals this way and maybe we can get you to your first one.
We’ll prepare a letter of interest in class if you want to make an offer after we dissect it. You’ll get all the agreements to buy and sell buildings or land and how to use them.
Worse case, you learn a lot while actually making an offer. Best case, it gets accepted. No extra charge to try. You and the entire class will see how I analyze your projects and mine.
That’s my specialty but I’ll admit some of your best deals will require a loan from some kind of lender if you want to take it that far before you exit. I’ll have several contacts for lenders for different purposes, carefully selected by myself and faculty who use them.
That’s actually the easy part if its income producing but as I said earlier I’ll try to talk you out of it first. There’s always a market to buy income streams but they’re harder to build than sell.
You’ll see my retirement plan for you and just one project can do it.
Ok, Ron! Will I have to mortgage the house to pay for it?
This event cost $5,995 a few years ago and it was full. You’ll get that much value the first day and if you don’t, just say so and leave and get a full refund. The cost has been drastically reduced for a short time to $3,995, but take a look at the registration and build your own financing plan and discounts.
Sorry, no bonuses, no bribes, no tricks. If I have to resort to any of that to get you I don’t need you in the event. Its not for everyone.
Who Should Attend
Who Shouldn't Attend
Ok, if I haven’t scared you off by now you can register below and save more money on a special VIP offer with a short window. If you’re Canadian there’s no PST, GST, HST or any other ST and we’re using US dollars so you can get another discount on the exchange rate.
FYI, Canadians are ripe for this event. You guys are sitting on a gold mine all over Canada and will have an unfair advantage over your competition when you know what I know.
I’ll have your manual ready with my copyrighted forms and agreements and we’ll spend four days discussing life changing money making secrets.
To Your Quantum Leap,
P.S.There are substantial discounts for fast action and VIP groups. See the registration below.
P.P.S. I agreed to do this one more time. This will be your only shot. I’m only doing this one because so many have asked.
“What an eye opener – The stuff I learned here at the Commercial Boot Camp will take my residential business to the next level! Also all the opportunities!! WOW, I’m Pumped! I will be bringing some commercial deals to the table soon.”
San Jose, CA
“Before I came here, I thought I was a successful investor. My wife and I have amassed approximately $5 million in property in the last 17 years. After attending Ron’s Commercial Boot Camp, I feel as if I’ve been re-born. My true success story is yet to come. I’ve been to a lot of classes and always feel like I’m being taken by a “used car salesman.” Ron is truly the “real deal.” I haven’t been excited about real estate like this in years. Stay Tuned!”
Garden Grove, CA
“Ron LeGrand’s personal attention to his students’ success is unparalleled in the industry. It’s clear that he rejoices in our success, and he provided the tools and support to achieve a very high level of success. Thank you Ron and Global Publishing, Inc.”
Pembroke Pines, FL
“I attended this boot camp to simply keep my husband company (take an interest in his hobby). But now I am hooked! Ron’s presentation grabbed my attention instantly. He is easy even for a novice to follow, very engaging. Loads of Fun!
The discussions of optional ways to purchase & develop – out of the traditional (boring) box has opened up my thinking. I now realize we are living in a goldmine of prospects! I can hardly wait to get started!!
We both really enjoyed this weekend. See you again soon.”